World Kinect (NYSE:WKC) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

World Kinect (NYSE:WKC) issued its quarterly earnings data on Thursday. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05, Zacks reports. World Kinect had a return on equity of 6.29% and a net margin of 0.30%.

World Kinect Stock Up 1.2 %

WKC traded up $0.34 on Thursday, hitting $27.61. 1,317,704 shares of the company were exchanged, compared to its average volume of 565,320. The firm has a 50-day moving average price of $27.86 and a two-hundred day moving average price of $28.43. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39. World Kinect has a twelve month low of $21.38 and a twelve month high of $31.70. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 0.89 and a beta of 1.27.

World Kinect Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 23rd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Monday, December 23rd. World Kinect’s payout ratio is currently 30.22%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lowered World Kinect from a “buy” rating to a “hold” rating and decreased their target price for the stock from $33.00 to $32.00 in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $30.20.

About World Kinect

World Kinect Corporation operates as an energy management company in the United States, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. This segment also offers fuel management, price risk management, ground handling, dispatch services, and trip planning services, such as flight planning and scheduling, weather reports and overflight permits; payment and processing services; and operates a web-based marketplace platform.